Quote:
Originally Posted by Groesbeck Hurricane
Now I hate taxation!!! BUT I believe that the individuals who decide to move industries/production to plants overseas and close down US facilities should be subject to a 100% income tax! They should then be able to go and run the facilities where they relocated them.
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Why? Corporations don't pay taxes. They collect them from consumers and pass them back to the gov't. Tax them 100% and they'll just raise their prices in the US to cover that, we'll pay for it all, they'll still go overseas and they'll not ever think of coming back. Why shouldn't they go overseas where labor is cheaper and they don't have to deal with ridiculous unions or a regime than constantly demonizes anyone who turns a profit? We already have one of the highest corp. income taxes in the western world. Make it higher and see if jobs come back here from China. Uh huh.